Opal Fuels Inc., a producer and distributor of renewable natural gas (RNG), saw revenue from RNG sales skyrocket in 2022, jumping more than 40% over 2021 figures, management noted during the company’s fourth quarter and full year earnings call. The White Plains, NY-based company pushed RNG fuel production up to 2.2 million MMBtu in 2022,…
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UGI Expanding South Dakota RNG Capacity with MBL Deal
UGI Corp. is partnering with MBL Bioenergy to develop its second and third clusters of renewable natural gas (RNG) projects in South Dakota. Under the agreement with MBL announced Wednesday, UGI would build the second cluster dairy manure waste to RNG project called Brookings at three farms near Estelline, SD. The project is expected to…
January 5, 2023
Chevron Completes Beyond 6 Takeover, Strengthens RNG Distribution Network
Chevron Corp. subsidiary Chevron U.S.A. Inc. has finalized the takeover of Beyond 6 LLC and its 55 compressed natural gas (CNG) fueling stations from independent energy commodity group Mercuria Energy Trading. San Ramon, CA-based Chevron initially said it also would be adding to its U.S. renewable natural gas (RNG) business with a long-term supply agreement…
January 4, 2023
New Fortress Energy Sees Significant Gap in Global LNG Supply
Management for New Fortress Energy Inc. expects liquefied natural gas (LNG) demand to “materially” exceed supply through 2039, saying in the third quarter 2021 earnings report that underinvestment in fossil fuels has left the global market vulnerable. Investment in oil and gas projects, according to NFE, has dropped sharply in recent years, going from $800…
November 8, 2021
Sugar Rush in Louisiana as Delta Biofuels Plans Renewables Plant
Delta Biofuels Inc. expects to begin groundwork later this year on a $70 million renewable fuel plant that would utilize excess sugarcane pulp, or bagasse, as feedstock. In December, the subsidiary of Tasso Renewable Energy began working with the Louisiana Economic Development (LED) to acquire a pellet plant in Jeanerette, aka Sugar City. According to…
July 1, 2021
Phillips 66 Investing in Iowa Soybean Feedstock for Renewable Fuels
Houston-based Phillips 66 has bolstered its burgeoning renewable fuel projects portfolio with an investment in an Iowa feedstock plant. Phillips 66 recently announced that it would have a minority ownership in Shell Rock Soy Processing (SRSP) in Shell Rock, IA. The companies also agreed to purchase 100% of the plant’s soybean oil production to convert…
April 23, 2021
Valero Makes Case for U.S. Carbon Tax as Renewable Diesel, CCS Options Grow
Valero Energy Corp., whose renewable fuels arm is expanding, signaled Thursday that the most efficient way to reduce U.S. emissions could be via a carbon tax. The San Antonio-based global refining giant’s management team shared a microphone to discuss first quarter performance and the outlook for the year. Valero has plenty of skin in the…
April 22, 2021
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